If 10,000 Shares with Par Value of $15/share Are Issued

question 10

Multiple Choice

If 10,000 shares with par value of $15/share are issued for $20/share,how much will be presented as "contributed surplus" for financial statement purposes?

• A)$10,000
• B)$50,000
• C)$150,000
• D)$200,000

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Definitions:

The Internet

A global network of interconnected computers and servers that enables information sharing and communication across the world.

Encryption

The process of converting information or data into a secure format to prevent unauthorized access, ensuring confidentiality.

Digital Certificate

An electronic document used to prove the ownership of a public key, including the identity of the certificate holder and the certificate authority that issued it.

Business To Business (B2B)

Transactions or commerce conducted directly between companies, typically involving bulk transactions.